EURGBP Correction then short, M shape pattern

After breaking the support level, I decided to take a short position.

Because:
  • Moving average 50 was steady and after breaking support there will be an impulse short position for the month.

    Hourly candle indicates:
  • readjustment failed to reach support level so another impulse short happened.
  • After second readjustment the resistance was broken so impulse long.
  • This trend follows the M pattern so we will see if it breaks support level.


WHEN I WILL TAKE LONG POSITION:
Sell if impulse short does not break lowest support level get ready for a new support level(3 small green candles), before taking a long position.

Disclaimer: I'm new and only been trading for 3 days.
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